COLLEGE ACCOUNTING: CONTEMP APPROACH
4th Edition
ISBN: 9781307291599
Author: Haddock
Publisher: MCG/CREATE
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Question
Chapter 1, Problem 2.4SRE
To determine
Classify a public school, which is a non-profit organization.
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Students have asked these similar questions
Identify some difference between private organization and nonprofit organization?
Which one is not related to Non-profit organization?
Select one: a. Sales in market b. Community service c. Religious service d. Museums
If we "measure what matters" in a not-for-profit, what activities could they be measuring that are different than the for-profit organization?
1-2 paragrahs
Chapter 1 Solutions
COLLEGE ACCOUNTING: CONTEMP APPROACH
Ch. 1 - What are the names of three accounting job...Ch. 1 - Prob. 1.2SRQCh. 1 - What are financial statements?Ch. 1 - Prob. 1.4SRECh. 1 - Prob. 1.5SRECh. 1 - As the owner of a small business, you have decided...Ch. 1 - Prob. 2.1SRQCh. 1 - Prob. 2.2SRQCh. 1 - Prob. 2.3SRQCh. 1 - Prob. 2.4SRE
Ch. 1 - Prob. 2.5SRECh. 1 - Prob. 2.6SRECh. 1 - What is the purpose of accounting?Ch. 1 - What does the accounting process involve?Ch. 1 - Prob. 3CSRCh. 1 - Prob. 4CSRCh. 1 - Prob. 5CSRCh. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - What is tax planning?Ch. 1 - Prob. 6DQCh. 1 - What are the three major areas of accounting?Ch. 1 - Prob. 8DQCh. 1 - Prob. 9DQCh. 1 - Prob. 10DQCh. 1 - Prob. 11DQCh. 1 - Prob. 12DQCh. 1 - Which Type of Business Entity? Since graduating...Ch. 1 - Prob. 1MFCh. 1 - Prob. 2MFCh. 1 - Prob. 3MFCh. 1 - Prob. 4MFCh. 1 - Prob. 5MFCh. 1 - Prob. 6MFCh. 1 - Prob. 7MFCh. 1 - Prob. 8MFCh. 1 - Prob. 1EDCh. 1 - Prob. 1IC
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Similar questions
- Which of the following is likely not a type of not-for-profit entity? A. public library B. community foundation C. university D. local movie theaterarrow_forwardA governmental agency can best be described by which of the following statements? A. has a primary purpose of making a profit B. has a primary purpose of using taxpayer funds to provide services C. produces goods for sale to the public D. has regular shareholder meetingsarrow_forwardThe amount of ‘College fees received from students’ by a Non-profit organization is shown in which of the following?Select one:a. Expenditure accountb. Income accountc. Liability accountd. Assets accountarrow_forward
- Explain each of the following Institutional Sectors of the SNA. i)Non-Financial Corporations Sector ii)Financial Corporations Sector iii)General Government Sector iv)Non-profit institutions serving Households Sector v)Households sector- (including incorporated enterprise within households)arrow_forwardWhat is the major source revenue in non profit organization? Select one: a. Membership fees b. Sales goods c. Goods service d. All the other pointsarrow_forward3) What are the FASB standard require that non-profit organization in financial statements?arrow_forward
- State the meaning of ‘Not- for- Profit’ Organisations.arrow_forwardDifferentiate between public support and revenues as sources of assets for private not-for-profit organizations. Whatbenefit is there in accounting for these differently?arrow_forwardWhat are the three basic financial statements required for private, nonprofit colleges and universities and what basis of accounting is used? What other statement is possible beyond these three to meet disclosure requirements?arrow_forward
- 1) Write any two differences between non-profit organization and governmental organization?arrow_forwardWhat are the needed qualities for individuals in charge of governance in a charity organization? Use relevant examples in explaining your answer.arrow_forwardWhat is the difference between a balance sheet of a non profit organization and a for - profit business ?arrow_forward
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